MUFG Securities EMEA plc Buys 25,569 Shares of Omnicom Group Inc. $OMC

MUFG Securities EMEA plc raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 689.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 29,277 shares of the business services provider’s stock after purchasing an additional 25,569 shares during the period. MUFG Securities EMEA plc’s holdings in Omnicom Group were worth $2,364,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Omnicom Group by 64.2% during the fourth quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock valued at $3,143,930,000 after purchasing an additional 15,220,444 shares during the period. State Street Corp grew its holdings in Omnicom Group by 15.8% during the third quarter. State Street Corp now owns 16,863,327 shares of the business services provider’s stock valued at $1,384,980,000 after purchasing an additional 2,298,652 shares during the period. Geode Capital Management LLC boosted its stake in shares of Omnicom Group by 57.1% in the fourth quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock worth $690,327,000 after acquiring an additional 3,117,188 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Omnicom Group by 30.5% in the third quarter. JPMorgan Chase & Co. now owns 8,107,021 shares of the business services provider’s stock worth $660,969,000 after acquiring an additional 1,893,316 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Omnicom Group by 5.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,870,437 shares of the business services provider’s stock worth $635,538,000 after acquiring an additional 433,461 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 4.7%

Shares of OMC stock opened at $76.15 on Tuesday. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The stock’s 50 day simple moving average is $75.49 and its two-hundred day simple moving average is $76.54. The company has a market cap of $21.70 billion, a PE ratio of 195.27, a price-to-earnings-growth ratio of 0.44 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The business had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the prior year, the business posted $1.70 earnings per share. The company’s quarterly revenue was up 69.2% compared to the same quarter last year. Research analysts predict that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 38.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio is presently 820.51%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OMC. Rothschild & Co Redburn began coverage on Omnicom Group in a research note on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price objective for the company. Morgan Stanley upped their price objective on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. UBS Group upped their price objective on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Citigroup dropped their price objective on Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, Barclays upped their price objective on Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $93.13.

Omnicom Group Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.